Morocco has made remarkable progress in reducing poverty over the past decade. Today, less than 9% of the Moroccan population qualifies as “poor” compared to 16.2% a decade ago.
What is the average income in Morocco?
According to Salary Explorer, the average salary in Morocco is 233,000 MAD per year. As per the exchange rates in May 2023, this amounts to approximately USD 23,290 per year. This is less than the annual average salaries of the US (USD 56,310) and many European countries.
What is the homelessness rate in Morocco?
More than 700,000 Moroccan citizens are currently battling homelessness. In addition, it must be noted that the youth has been severely impacted as well. There are more than 30,000 children roaming the streets in search of basic resources, as many escape abusive home situations.
Is Morocco low income?
What is minimum wage in Morocco?
Sector
| Per month | |
|---|---|
| Public Sector Minimum wage with effect from September 1, 2022 Minimum Wages – last checked – 1/1/23 | MAD3,500.00 |
| Private sector Minimum wage with effect from September 1, 2022 Minimum Wages – last checked – 1/1/23 | MAD2,970.00 |
| Agricultural Sector Minimum Wages – last checked – 1/1/23 | MAD2,094.00 |
Is Morocco developed or not?
Despite gains in poverty reduction, literacy and lifespans, Morocco economy continues to face a high share of inactive youth, large gaps in economic opportunities for women, a fragmented social protection system, and remaining barriers to private sector development.
What is the most common job in Morocco?
Key Economic SectorsThe economy remains dependent on the state of the agricultural sector, in which 39.1% of the people working in Morocco are employed. The remainder of the workforce either works in the industry sector (20.3%) or the services sector.